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Asset manager margins squeezed as infrastructure bill climbs, PwC finds

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Infrastructure moves up the strategic agenda as asset managers confront margin pressure

LUXEMBOURG, Nov. 3, 2026 /PRNewswire/ — Infrastructure is moving from the back office to the centre of asset managers’ strategy. With profit per AuM down 19% since 2018 and projected to fall another 9.1% by 2030, decisions on what to build, buy or access through partners now shape how firms compete, according to PwC’s Global Asset Management Infrastructure: Rethinking the industry’s piping report. 67% say fee compression is limiting their ability to invest.

Spending is also tied to the past: only 23% of asset managers direct most of their technology budget to new capabilities, while 29% spend more than 70% of it maintaining legacy systems.

Surveying 150 asset managers and 50 infrastructure providers, the report finds AI is sharpening these constraints. Some 24% cite data fragmentation and 17% legacy systems as major barriers to scaling AI.

Roland Kastoun, Global Asset and Wealth Management Advisory Leader, PwC, notes: “The industry’s profits per dollar managed have fallen by almost a fifth, and the bill for the pipes keeps rising. The managers who survive the next five years won’t be the ones with the flashiest AI, but rather the ones who fixed the so-called boring stuff first.”

Market data is seen as poor value for money, with 58% ranking it among the most expensive infrastructure layers relative to the value delivered, ahead of regulatory reporting systems (47%) and core technology platforms (46%).

Meanwhile, some 70% of infrastructure providers expect a larger share of industry revenues, while 68% name hyperscale cloud providers as the main emerging threat.

“Seven in ten infrastructure providers expect to take a bigger slice of the pie, which tells you where the power in this industry is quietly shifting,” said Björn Ebert, Financial Services Leader, PwC Luxembourg.

Some 44% favour hybrid sourcing models combining in-house, bought and partnered capabilities, compared with 21% who prefer to buy, 18% to partner and 13% to build in-house.

The report identifies four emerging infrastructure archetypes, namely infrastructure orchestrators, digital and tokenisation platforms, specialist modular providers and integrated asset managers. No single model fits every firm. Each must decide what to own, what to standardise and where a specialist can do the job better. Those who decide early will be better placed to protect margins through 2030.

Media Contact
Penta Group, pwc@pentagroup.com

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GAC Exports 223,000 Units in Jan-Oct, Setting a New Record! Steadily Advancing High-Quality Globalization

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GUANGZHOU, China, Nov. 5, 2026 /PRNewswire/ — In October, GAC’s self-owned brand exports reached 26,017 units, up a robust 80.8% year-on-year, posting a steady growth trajectory. From January to October this year, GAC accumulated exports of 223,000 units, setting a new historic record.

As a strategic highland of GAC’s globalization, the European market saw wholesale volume surge 547% year-on-year in October. On October 12, the 91st Paris Motor Show officially opened, with GAC making a major appearance with its new energy product lineup across its three brands. These multiple strategic moves, landing in tandem, mark GAC’s entry into a new phase of full-chain localized deep engagement in Europe.

As the core foundation of GAC’s globalization, the Asia-Pacific market continued its steady progress. In October, wholesale volume in the Southeast Asian market grew 49% year-on-year. In Hong Kong, GAC ranked third among all brands and second among Chinese brands in new vehicle registrations from January to September, the E9 has held the No.1 in Hong Kong luxury MPV sales for three consecutive months.

The Americas market maintained strong growth momentum, with wholesale volume up 95% year-on-year in October, including Colombia up 331%, Bolivia up 232%, and Brazil up 223%. Multiple key markets saw sales double, with market coverage and channel capabilities upgrading in tandem. GAC also officially entered Guyana, completing its market coverage across all 12 South American countries and marking a milestone in its regional expansion.

In the Middle East, UAE wholesale volume grew 41% year-on-year in October, Kuwait up 146% month-on-month, and Qatar up 98%. In Africa, wholesale volume surged 307% year-on-year in October. The CIS market also maintained high growth, with wholesale volume up 273% year-on-year in October. Alongside rapid sales growth, GAC has been continuously introducing flagship premium products to multiple markets across the Middle East and Africa, crafting scenario-based experiences tailored to local needs, precisely reaching local users, and driving the brand upward.

While deeply cultivating regional markets, GAC leveraged the Canton Fair, a national-level trade platform, to present its high-tech smart electric products and energy ecosystem to global buyers, answering high-standard opening-up with systematic globalization.

For further information about GAC, please visit: https://www.gacgroup.com/en or follow us on social media.

 

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Hello Group to Report Third Quarter 2026 Results on December 7, 2026

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BEIJING, Nov. 5, 2026 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (the “Company”), a leading player in Asia’s online social networking space, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2026 before U.S. markets open on Monday, December 7, 2026.

Hello Group’s management will host an earnings conference call on Monday, December 7, 2026, at 6:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing / Hong Kong Time on the same day).

Preregistration Information

Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10058292-gzgnw6.html. Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through December 14, 2026. The dial-in details for the replay are as follows:

U.S. / Canada:

1-855-883-1031

Hong Kong:

800-930-639

Passcode:

10058292

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.

About Hello Group Inc.

We are a leading player in Asia’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which we added to our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Since 2019, we have continuously expanded our portfolio through internal incubation and strategic acquisitions, adding apps such as Hertz, Soulchill, and Happn. These products target more niche markets and selective user demographics both domestically and internationally, further strengthening our global presence.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations
Phone: +852-3157-1669
Email: ir@hellogroup.com

Christensen

In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com 

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SOURCE Hello Group Inc.

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Propshop Events and Exhibitions Limited (‘Propshop’) in the first half of FY 2026-27 posts strong performance; global execution scale signals and accelerated growth ahead

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Propshop’s evolution from a traditional exhibition stand contractor into a globally recognized exhibition solutions partner serving brands across multiple industries and international markets

MUMBAI, India, Nov. 5, 2026 /PRNewswire/ — Propshop Events and Exhibitions Limited has announced a robust financial performance for the half year ended September 30, 2026, reflecting the company’s growing global footprint, execution excellence, and increasing demand for end-to-end exhibition infrastructure solutions. Revenue from operations for the half year stood at ₹3,445.63 lakh, while Profit After Tax reached ₹401.47 lakh, demonstrating healthy profitability and operational efficiency. The company’s net worth strengthened significantly, supported by an increase in reserves and surplus to ₹2,869.21 lakh.

The results underscore Propshop’s evolution from a traditional exhibition stand contractor into a globally recognized exhibition solutions partner serving brands across multiple industries and international markets. During the period, the company continued to expand its execution capabilities, strengthen its balance sheet, and scale operations across key exhibition destinations worldwide.

A highlight of this growth journey was the successful execution of 23 exhibition stands at CPHI Milan 2026, one of the world’s largest pharmaceutical exhibitions. After more than six months of meticulous planning, the project brought together 23 project managers, over 500 workers, 15 trucks, and seven cars, demonstrating Propshop’s capability to execute large-scale international assignments with precision and reliability.

Further showcasing its operational strength, Propshop recorded 158 booth entries across 76 exhibitions within just 90 days, covering approximately 10,500 sqm of exhibition space across North America, Europe, the Middle East, and Asia. From Detroit, Las Vegas, London, Berlin, Paris, Amsterdam, Dubai, Singapore, Thailand, Taiwan, and major Indian cities, the company delivered impactful exhibition experiences across pharmaceuticals, technology, engineering, automotive, FMCG, defense, healthcare, real estate, manufacturing, and several other sectors.

With increasing global demand for experiential marketing, trade exhibitions, and immersive brand environments, Propshop remains strategically positioned to capitalize on international opportunities. The company’s strong financial performance, expanding global presence, and proven ability to deliver complex projects at scale reinforce its growth outlook and commitment to creating long-term value for investors, exhibitors, and stakeholders.

About Propshop Events & Exhibitions

Propshop Events & Exhibitions Limited is an NSE-listed exhibition and experiential marketing company specializing in exhibition stand design and construction, turnkey exhibition solutions, experiential marketing, corporate events and brand experiences.

With capabilities across India and international markets, Propshop works with brands to create high-impact physical and experiential environments that connect businesses with their customers at exhibitions, trade shows, corporate events and industry platforms.

The company serves leading Indian and global brands across sectors including technology, manufacturing, automotive, pharmaceuticals, engineering, infrastructure, consumer brands and business services.

Propshop is driving the global expansion of India’s exhibition industry, with an expanding presence across India, the USA, Europe, the GCC and APAC.

For more information:
Website: https://thepropshopindia.com | https://thepropshop.us | https://thepropshopworldwide.com/ 
LinkedIn: https://www.linkedin.com/company/the-propshop-india/

Media Contact 

Dibyendu Mukherjee
CMO ( Chief Marketing Officer )
Propshop Events & Exhibitions Limited
Email:dibyendu@propshop.co.in 
Phone: +917439000124
Media Enquiries:
For interviews, company information, leadership commentary, financial/business stories, exhibition industry insights, partnerships and press opportunities, please contact the media representative above.

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